Housing Report October 2025, 11/25/2025
Nationally - Market continues to Stabilize
Nationally, October unit home sales (single-family and condos) rose +1.2% year over year to 4.1 Million units, up slightly from 4.06 million units in September 2025. October home prices rose +2.1% year over year to $415,200, unchanged from September 2025. Days on market rose to 34 days from 33 days in September and 29 days in October 2024. Months of inventory fell to 4.4 months from 4.6 months in September but rose from 4.0 months in October 2024. October sales improved slightly as inventory rose and 22.5% of homes had price reductions in October. Homes were selling for 98.5% of list price down slightly from October 2024.
Essex County - Market Normalizing but Inventory Remains Low.
Unit sales recovered nicely in October from September, but are still down year over year -2.8% for single families and -1.0% for condos. Year over year, single family median prices rose +2.7% and Condo prices fell -4.5%. Single family homes are now selling for 100.5% of asking price, condos are selling for 99.2% of asking price and 35.7% of all homes for sale (singles and condos) had a price reduction as days on market increased slightly and mortgage interest rates remain elevated, now 6.25%.
To view data for every Essex County town,
- To view data for every Essex County town, http://www.sullivanteam.com/Properties/Reports/Public/Charts.php
- To Download the full housing report go to: http://sullivanteam.com/pages/EssexCountyHousingReports
